On­line stu­dent loan scheme launched

Bhutan Times - - Home - Sonam Pelden

All Class XII grad­u­ates who have passed out in 2014 with 50 % ag­gre­gate in English and best three sub­jects can avail in­ter­est free loan from 30th April to 20th May 2015 through the on­line web­site www. citzen­shipser­vices.gov. bt. To be el­i­gi­ble for the loan scheme one must not be un­der the gov­ern­ment schol­ar­ship holder and the in­sti­tute to which the can­di­date is seek­ing ad­mis­sion must be rec­og­nized by the Min­istry of Ed­u­ca­tion.

Fur­ther the mode of study has to be full time and no dis­tance ed­u­ca­tion or on­line mode will be ac­cept­able. In or­der to avail the loan in this scheme the can­di­date must pro­duce a con­fir­ma­tion of the ad­mis­sion in the col­lege or in­sti­tute. In or­der to en­cour­age can­di­dates from the poor back­ground pref­er­ence will be given to the eco­nom­i­cally and dis­ad­van­tages can­di­date who wants to pe­ruse de­gree cour­ses for bet­ter em­ploy­a­bil­ity.

The loan scheme is to fi­nance the ed­u­ca­tion in Bhutan of 90% and in In­dia with 10% or less. The loan will cover tu­ition fees and living ex­penses in the col­lege. The can­di­date can ap­ply on­line from their place of res­i­dence and does not have to come to Thim­phu to ap­ply for the loan. Pre­lim­i­nary short list­ing will be car­ried out by the Min­istry of Ed­u­ca­tion and the fi­nal se­lec­tion will be done by the Stu­dent Loan Com­mit­tee. Once the can­di­date is se­lected; the stu­dents will have to sign an agree­ment with Min­istry of Ed­u­ca­tion. The loan amount will not ex­ceed Nu. 3.00,000 per an­num . How­ever sub­se­quent re­lease of fees and al­lowance will be sub­ject to stu­dents’ aca­demic per­for­mance.

The scheme was launched by the Cabi­net Sec­re­tary; Kin­zang Wangdi last Fri­day in pres­ence of the Ed­u­ca­tion Min­istry of­fi­cials.The loan scheme is part of Eco­nomic Stim­u­lus Plan.

In a mes­sage for the launch of the scheme the Prime Min­is­ter said “Pur­su­ing higher ed­u­ca­tion should not be a luxury for the priv­i­leged only, but for all our Bhutanese stu­dents. With this in mind, our gov­ern­ment has in­sti­tuted the stu­dent loan scheme for ter­tiary ed­u­ca­tion which pro­vides an op­por­tu­nity to stu­dents from dis­ad­van­taged back­ground to self fund their ter­tiary ed­u­ca­tion.

The sys­tem be­ing launched to­day is sen­si­tive to the re­al­i­ties of such stu­dents living in far flung cor­ners of our coun­try. It en­ables them to avail the op­por­tu­nity with­out hav­ing to come to Thim­phu as it is avail­able from any ac­cess point with in­ter­net con­nec­tion.”

How­ever some of the stu­dents and par­ents with whom BT spoke raise con­cern over the scheme as due to un­em­ploy­ment prob­lem in Bhutan it may not be too wise to take loans as get­ting jobs af­ter the com­ple­tion of the stud­ies will be more dif­fi­cult. It will def­i­nitely put more bur­dens on the par­ents and fam­ily mem­bers. Some of the stu­dents from the eco­nom­i­cally dis­ad­van­tages back­ground wel­comed the scheme.

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